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PT Gudang Garam Tbk (ISX:GGRM) Receivables Turnover : 18.59 (As of Dec. 2023)


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What is PT Gudang Garam Tbk Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. PT Gudang Garam Tbk's Revenue for the three months ended in Dec. 2023 was Rp37,204,424 Mil. PT Gudang Garam Tbk's average Accounts Receivable for the three months ended in Dec. 2023 was Rp2,001,110 Mil. Hence, PT Gudang Garam Tbk's Receivables Turnover for the three months ended in Dec. 2023 was 18.59.


PT Gudang Garam Tbk Receivables Turnover Historical Data

The historical data trend for PT Gudang Garam Tbk's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PT Gudang Garam Tbk Receivables Turnover Chart

PT Gudang Garam Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 61.37 51.66 46.86 50.32 57.56

PT Gudang Garam Tbk Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.28 12.63 9.68 10.53 18.59

Competitive Comparison of PT Gudang Garam Tbk's Receivables Turnover

For the Tobacco subindustry, PT Gudang Garam Tbk's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PT Gudang Garam Tbk's Receivables Turnover Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, PT Gudang Garam Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Gudang Garam Tbk's Receivables Turnover falls into.



PT Gudang Garam Tbk Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

PT Gudang Garam Tbk's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=118952997 / ((2181496 + 1952036) / 2 )
=118952997 / 2066766
=57.56

PT Gudang Garam Tbk's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=37204424 / ((2050184 + 1952036) / 2 )
=37204424 / 2001110
=18.59

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


PT Gudang Garam Tbk  (ISX:GGRM) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


PT Gudang Garam Tbk Receivables Turnover Related Terms

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PT Gudang Garam Tbk (ISX:GGRM) Business Description

Traded in Other Exchanges
Address
Jl. Semampir II/1, East Java, Kediri, IDN, 64121
PT Gudang Garam Tbk manufactures kretek cigarettes, which are clove cigarettes common in Indonesia. The firm's operations are almost entirely domestic, with its tobacco and clove farmers, two production facilities, and dozens of offices all located in Indonesia. Nearly all of the company's sales are generated in Indonesia. The company's brand families include Gudang Garam, Surya, GG, and Merah. Other brands include Sriwedari, which is a hand-rolled brand, and Klobot.

PT Gudang Garam Tbk (ISX:GGRM) Headlines

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